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English 115
Search Results 0 to 49 of about 119 (some duplicates have been removed)
CNBC
Feb 18, 2013 4:00am EST
more time to gauge shinzo abe's rating policies. s&p says recent policies could reflat japan's economy. but the government's books will continue to be weighed down by heavy debt. that's even if plans go ahead to raise a sales tax. there's a one in three chance of a downgrade this fiscal year. this is as the japanese prime minister shinzo abe says he will consider changing the bank's mandate. he didn't comment on current policy. all this as investors determine who will become the bank of japan's next governor. front runners for the post include former bank of japan deputy governor and the head of the asian development bank harikahiko tura. >> we did catch up with taro at a meeting this weekend in moscow. the next boj governor was covered, but the first question, whether mr. aso thought the g-20 communique was an endorsement of japan's domestic stimulus plan. >> japan has repeatedly tried to explain that japanese policies are taken to overcome deflation and by all means, these are measures to overcome deflation as well as the recession. that's what is being said in the second paragraph o
CNBC
Feb 20, 2013 7:00pm EST
of the economy, just not in one year. if you look at the nonpartisan shops who have looked at the impact on the economy, they all coalesce around one number. they say this sequestration if it takes effect and holds will take about .5% of gdp growth out of the 2013 economy. now, that doesn't sound very good to me. we were just talking about how the economy's already growing too slow as far as we're concerned. i don't believe the fourth quarter recessionary number. i think that's going to be revised up. but if you think this is an economy that can take a 50-basis point whack to gdp growth, perhaps we're in a different world. >> here's the thing, let's go through this. 44 billion is the real number and it's funny, i found this today courtesy of my friend. what is that? $44 billion of spending cuts is 2 1/4 of 1% of gdp. so these are such tiny -- but the benefits, the benefits of confidence and certainty and free markets, i think vastly overwhelm these keynesian multipliers. >> and there's really no such thing as a keynesian multiplier. i mean -- well, really. >> do we need a stretcher? >> d
WHUT
Feb 19, 2013 7:00am EST
. and fidelity investments. >> your personal economy is made up of the things that matter most, including your career. as those things change, fidelity can help you adjust your retirement plan, rethink how you are invested, and refocus as your career moves forward. wherever you are, a fidelity ira has a wide array of choices that can fit your personal economy. fidelity investments, turn here. >> at union bank, our relationship managers work hard to know your business. butoffering specialized solutions in the capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news." >> hello, your watching "gmt," on bbc world news." the south african athlete is formally charged with murdering his girlfriend. his lawyers have applied for bail. the prosecution accused him of premeditated murder. the defense says the shooting was accidental. his girlfriend's funeral took place today. a secret community behind the series of hacking attacks on u.s. infrastructure according to an america
CSPAN
Feb 18, 2013 10:30am EST
diplomat william rhodes talks about the current economic and financial charges facing the economies of europe, japan, china and south korea. next on booktv. this is a little over an hour. [applause] >> okay. first of all, it's great to be back at the japan society, and we enjoy our relationship that way. tokyo, for the mcgraw-hill companies, has been the headquarters of our asia pacific operations for 25 years now, and we enjoy a terrific relationship and a lot concern in a lot of different ways. one of many by colleagues is with me, doug peterson, who just joined us from citi, and he is heading up standard & poor's ratings, and we welcome you, doug. and doug has lived with citi all over the world and as such as lived quite a bit of time in japan itself. so it's great to be with you tonight as well, doug. let's see, in terms of this whole notion of the book, you know, by the way, it's a very modest title, banker to the world. [laughter] you know, when i heard of this -- and i'm a very close personal friend of bill's, like everybody in this room is, and so when testifies talking to m
CSPAN
Feb 18, 2013 10:30pm EST
the economies of europe, japan, china, and south korea. next, on booktv. this is a little over an hour.ro ba okay. it is great tock be back at the society. >> for 25 years now, we enjoy a terrific relationship with the a japan society in so manyys wayse ved quudible] bed we have lived quite a bit o time in this is great to be with you let's see, in terms of this whole notion of the book, you know, by the way, it's a very modest title, banker to the world. [laughter] you know, when i heard of this -- and i'm a very close personal friend of bill's, like everybody in this room is, and so when testifies talking to me about this -- when he was talking to me about this concept of what he wanted to write about, lessons of debt cry cease and all of this, i just knew that it was right in our sweet spot in what we needed to be able to do. so we were able to convince him, and so now i'm not talking to you as his friend, i'm talking to you as his publisher. [laughter] and we had this decision, you know, we were going to do this book, and we kid. and we did. now, the ink wasn't even dry on this book when
CNBC
Feb 20, 2013 1:00pm EST
or j.p. morgan and other billing banks drive our economy off after cliff again, well all pay the price. >> i guess would he argue he is one of the people this who wasn't driving the economy off the cliff at one of the worst moments so maybe he deserves more credit. let me ask you, they have a lead director. you're not satisfied with that? >> no. none of the shareholders are in the board room. and jamie dimon is the chair. he sit at the head of the table, i would think, or whatever the chair sits. he is running that meeting. >> you know, jamie dimon is in charge of the board setting his compensation. >> when you argue with goldman sachs about the issue, they bow to pressure from your organization and put in a lead director and you seem satisfied with that at the time. so why isn't that satisfied by j.p. morgan? >> we were satisfied as an interim measure and we need the large financial institutions that wrecked our economy to do better. >> are you going to continue with j.p. morgan or -- >> there are other share holders who have taken up that mantle this year. >> do you have any empirica
PBS
Feb 19, 2013 6:30pm PST
in the british parliament as well. >> the outlook is brightening for europe's biggest economy. investor sentiment in germany has surged to a three-year high. >> the index is one of the most closely watched investor confidence surveys. it pulls germany's top 300 financial analysts and is being taken as another sign that the german economy could rebound quickly from a sharp slowdown at the end of last year. on today's market action. german blue chips rallied tuesday to lock in solid gains for the second day running. all correspondence sent us this summary of the trading session in frankfurt. >> for the first time in weeks, traders had a reason to be happy again. stronger than expected zew investor sentiment was even welcomed with applause. after the heavy growth decline in winter, the data indicate a strong comeback of the german economy, driving up the european markets, but the euro was lagging behind because currency traders are already worried ahead of the election, which will take place on sunday. there was high demand for cars shares despite the record low of overall european car sales in janu
WHUT
Feb 18, 2013 7:00am EST
bank. and fidelity investments. >> your personal economy is made up of the things that matter most, including your career. as those things change, fidelity can help you adjust your retirement plan, rethink how you are invested, and refocus as your career moves forward. wherever you are, a fidelity ira has a wide array of choices that can fit your personal economy. fidelity investments, turn here. >> at union bank, our relationship managers work hard to know your business. offering specialized solutions in the capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news." >> hello, everyone. you are watching "bbc news." hopes for a great partnership in the 21st century, david cameron arrived in the hopes for it -- arrived for the beginning of a three day tour. >> britain is one of the largest investors in india. i think the basis for that special relationship is there. >> back in town, hugo chavez announces his plans for the future of the country after cance
CSPAN
Feb 17, 2013 9:00pm EST
on products. he also discusses the british economy and the recent european union budget. this is just over 30 minutes. >> number one, mr. speaker. >> the prime minister. >> thank you, mr. spear. this morning i had meetings with minister colleagues and others, ur.addition to buy duties in >> myconstituent, the constable, is beg buried this afternn after having been killed on duty. i'm sure the whole house will join me in expressing sympathy to her family and also acknowledge her dedicated service. >> here, here. >> the horsemeat scandal has not only sears undermined confidence in the safety of the food we eat that threatens every successful meat industry. can the prime minister assure me that this government will relentlessly follow every lead and give each an every guilty person or business responsible for any criminal or fraudulent act has been caught, exposed, prosecuted, and then expelled from ever again having any part in the uk food industry? >> i fully support what the honorable gentleman has said, but first of all let me join him in praising the constable. she died going about her job,
CSPAN
Feb 18, 2013 12:00am EST
been rated since the inquiry began last month he also discusses the european economy and the budget code. this is just over 30 minutes >> mr. speaker? the horse meat scandal has undermined confidence in the safety of the food we eat, but threatens a very successful wheat industry. can the prime minister assured me that this government will follow every lead until each individual person or business responsible for any criminal or fraudulent act has been caught, exposed, prosecuted, and then expelled from ever again having any part in the u.k. food industry >> i fully support what the honorable gentleman said. let me join me in praising this constable. she kept people sit in the communities that she is head of a. i would join him in sending my deepest condolences along with everybody else to her colleagues and loved ones. on the issue of this appalling situation where people buying beets -- beef products in supermarkets find out that could be coarse meat, but me say this -- but me bring the house up-to- date. on the 15th of january, the irish authorities identified problems in a numbe
CNBC
Feb 20, 2013 4:00pm EST
, is the economy strong enough, corporations strong enough to stand on their own? fed is not going to pull the plug hon this any time soon, but the noises are out there. it's already spooky the market. once the fed is no longer juicing up this market, is there enough out there that's strong enough to keep it going? >> i really don't think that the fed is going to take any chances with what is so far a very tentative recovery. they know we'll already have quite a bit of fiscal tightening in 2013. we've got the sequestration that's almost certain to take effect, already had some pretty big tax increases. i can't see bernanke and janet yellin taking a risk with a premature taking away of the punch bowl but policy change in the rate overseas. europe and japan are looking much better i think in terms of the change in policy than the u.s., and i think the outperformance that we saw in the last part of last year can take hold again this year. >> yeah. allen gale, are you paid to put money to work, got to put some money to work or even if this market is going to see a correction of some kind. where would y
FOX Business
Feb 18, 2013 1:00pm EST
that there is an average wage that is probably twice the national average. they have high leverage in the economy. there is going to be an unintended consequence, unfortunately, if there is not a deal made in 11 days. ashley: would you agree that defense spending needs to be reformed? it may be the wrong way to do it, but it seems to be the only way. >> the suddenness. in the past, abbott there -- in the past, there was a planned slowdown of an amount of what we are facing here. we have already taken a 12% cut for defense contractors and they are looking at another seven-12% again. ashley: how much does this compromise national security? >> well, clearly, one of the ways that will be cut in and unplanned fashion is to stop paying for discretionary things like language interpreters and servicers, as well as, maintenance and operations. that means we will not be able to deploy our forces overseas. whether it be for military purposes or expeditionary purposes for humanitarian aid. ashley: tom, quickly, they are supposed to give 60 day notices. if these cuts go into effect in 11 days, that will not h
LINKTV
Feb 18, 2013 7:00pm PST
as a result of his absence? >> it's difficult to say whether this nation's economy is suffering because of the absence of chavez, but certainly, it is suffering. i remember the local currency has been devalued by a third and i was speaking to plenty of people who couldn't find rice, butter and flour. there are food shortages and the economy is suffering, whether it is a direct result of chavez, it's difficult to say. but the opposition party and they want -- >> people want to see whether he is fit. we don't know if he is going to make an appearance here. >> that is the scene in caracas. u.n. investigators have found new evidence of war crimes in syria and urging the u.n. security council to allow the international criminal court to investigate. they say both sides in the conflict are guilty of rape, murder and torture and identified seven massacres. they have identified several leaders who ordered the killings. identification is done because both sides are guilty of crimes and we identify on both sides suspects. >> let's hear from beirut. >> they want the international communities to ac
CNBC
Feb 21, 2013 6:00am EST
at the pump for the last month. joining us in the next hour, oil man boone pickens. so the economy is at the top of the hour. andrew will get you up to speed on the day's other headlines. >> hedge fund manager david einhorn is taking his apple campaign directly to shareholders. he's going to be hosting a conference call today to argue the merits of distributing hedging preferred stock which, of course, is what this big debate is about. einhorn is battling and seeking an injunction next week to abolish a system for issuing preferred stock. i got a letter overnight from the nation's foundation which has a stake in apple and they are pushing back against david einhorn, something we should probably talk about a little later. >> we will. >> also in the news this morning, boeing is expected to meet with the faa tomorrow and launch a formal plan to get its grounded 787 back into service. the company will be proposing a resign of the dreamliner's batteries. officials say the jets could be back in the air within two months. >>> finally, appear highser bush, inbev want a court to grant a sho
CNBC
Feb 21, 2013 4:00am EST
'll be on the ground in milan with the latest. we'll get a view about how the country's economy could be transformed as an exclusive interview. we're hours away from retail giant walmart's earnings. we'll hear what investors expect head of the company's reporting results in light of a weak start to february. >>> and shareholders vote on rothschild about replacing the board. we'll also get a preview of this likely ending of this battle of the titans. >>> and japanese prime minister shinzo abe is heading to walk to talk to president obama. just what kind of reaction can abe expect from washington? we'll give you a preview. >>> before all that, let's recap what's happening in markets. we've seen more activity, in fact, higher volume over the last couple of sessions, really, than we've seen for much of the year. the volume is coming on a sell-off. u.s. markets fell yesterday following the release of the fed minutes. it was the worst day of the year for the s&p and nasdaq. as you can see, shedding 108 points there, a rare triple digit decline this year. energy and material stocks were the worst hit. all
LINKTV
Feb 23, 2013 2:00pm PST
promise that there would be some growth rock back to the spanish economy. that is exactly what people want to see -- brought back to the spanish economy. that is exactly what people want to see. they really feel that their services are being cut, their jobs are being lost. that is why they are marching. they are marching because their standard of life has slipped so severely. the poor is still poor here, and the rich is still rich, but the middle class is really being battered. that is why we're seeing so many people come to the streets today. they will continue to protest until things start getting better for them. >> in madrid. many thanks pretty still to come, -- thanks. still to come -- >> in naples, at the heart of italy pos's is intended south. >> what american fishermen say efforts to save their industry may kill it. >> in less than 24 hours, italy goes to the polls to elect a new parliament. candidates have held their final rallies before elections that take place on sunday and monday. the outgoing prime minister, monti and berlusconi are both running. our reporter is in naples. >>
CBS
Feb 23, 2013 6:30pm EST
of thousands of jobs and the tens of millions of dollars those jobs bring to the local economy. >> i've also been very clear that there's an alternative. >> reporter: the president is using the potential loss of jobs to push congressional republicans into a deal, a deal that would lower the deficit by closing tax loopholes on higher income americans. >> are they seriously prepared to inflict more pain on the middle class because they refuse to ask anything more of those at the very top? >> reporter: but republicans say no deal on the sequester until the president proposes more spending cuts. >> so the question is why won't he work with us? and the answer, quite simply, is because he wants higher taxes. >> reporter: what both sides want is to blame sequestration on each other, and now, there is no parent movement toward compromise. the president has asked to speak to congressional republicans, but, jim no serious talks or negotiations have been scheduled. >> axelrod: thank you, wyatt. as the budget cuts draw closer consider this-- the federal government does $500 billion worth of business wit
FOX News
Feb 21, 2013 6:00am PST
is really happening right now in our economy. what better indicator than to look at wal-mart sales because they're now reportedly putting out their quarterly sales about a billion dollars short of what they expected. fox business network stuart varney joins me on that. as wal-mart goes, so is going the nation perhaps, stuart? >> oh, yes. this isn't just one single company, one single retailer. this is america's economy. very good indicator of that and the news is not good. as you suggested there, martha, their sales are flat to down in the same stores over a comparable period. they took in about a billion dollars less than they were expecting to take in. you got to bear in end into the gas prices have gone straight up. that leaves less money available to go spend at wal-mart. taxes for everybody went up on january the 1st. same story. less money for people to spend at wal-mart. this is a disappointing indicator for the overall economy. it confirms we're still pretty weak. martha: you get that divide. you see what is going on with the ground on retail sales like you're reporting right here
CNN
Feb 19, 2013 8:00pm PST
. >> so these cuts are not smart. they are not fair. they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> so there are two solutions. number one, lawmakers find another way to punt, ie delay the cuts for another month. or two come up with a major plan to slash the debt in this country. number two is not going to happen. the punt and pay, i kind of like it. that is not going to happen. number one haze decent chance but number one is a fail too. after all, the feared forced cuts are 2.5% of projected total federal spending. we have an economics professor at nyu and former director of the congressional budget office. at this point, are the cuts inevitable? why is the president still talking about it? >> well, we're ten days away and it seems like the republicans really don't want to do anything to fend off this crisis. you said sequester is an odd word. in a lot of languages, it means kidnap. it's sort of a kidnap situation because the economy is kidnapped, fearing that we might l
MSNBC
Feb 19, 2013 10:00am PST
that depend on it, or would they rather put hundreds of thousands of jobs and our entire economy at risk just to protect a few special interest tax loophole that is benefit only the wealthiest americans and biggest corporations? that's the choice. >> is there another way with only days to go before the automatic spending cuts kick in? re-enter the bipartisan budget cutters, the duo of simpson and bowles. >> there's no sfri in the country that makes cuts across the board. you try to cut those things that have the least adverse effect on productivity. second, we are cutting those areas where we actually need to invest education, infrastructure, research, and, third, they don't make any cuts in those things that are going faster than the economy. that's stupid, stupid, stupid. >> with us, former white house press secretary and a new msnbc contributor robert gibbs. cyber wars. china's army now targeting u.s. pipelines and nuclear plants. with us to discuss, the authors of a new report tracing the attacks to military headquarters in shanghai. plus, play of the day. while the press corps was banned
FOX News
Feb 19, 2013 9:00am EST
on the economy. i have an economist on my program shortly who says every penny up for gas takes $1.2 billion out of the economy. add that up, you have a 50, $60 billion hit to the economy this year already. martha: that's a tough picture. quickly, stuart, what about the keystone impact? >> no impact on immediate pricing, none at all. that decision is being delaid. we don't know yet whether we'll build that pipeline or not. there will be almost certainly no impact on the price of gasoline in the immediate future because of that keystone decision. martha: that will take a little while. stuart, thank you so much. we'll see you later. bill: you're right. you said we're talking about this in may. martha: yeah. bill: it is mid-february. i filled you, over four bucks a gallon in new york already this weekend. martha: hang in there. hang in there. bill: we're just getting moving here. new details on a massive hacking assault linked back to beijing directly. why the communist nation hacked u.s. companies and what they might have stolen in the process. we'll have that for you. bill: charles krauthamer say
KCSMMHZ
Feb 22, 2013 6:00am PST
says the eurozone economy will contract for the second straight year in 2013. the commission says it expects gross domestic product to shrink 0.3% in the 17-nation eurozone from last year that compares with the previous forecast of 0.1% growth. tight lending conditions, job cuts, and sluggish investment are dragging the recovery. but it's projecting 1.4% growth for 2014. the commission says leading indicators suggest that the region's economy is bottoming out and economic activity is expected to gradually pick up. >>> it may look like a wrist watch, but it's a computer. i.t. giant apple has filed a patent application for a computer that people can wear like a watch. the u.s. patent and trademark office disclosed the patent filing on thursday. the computer has a flexible touch panel display, censors inside detect a change in the state of substrates and automatically adjust the user interface to a new position. the computer wirelessly connects with other portable devices like smartphones. there are rumors that apple is developing a wearable computer. google has also been developing
ABC
Feb 19, 2013 7:00am PST
firing on the suburbs. the economy here is devastated. and these shops are empty. there's no tourism. international sanctions are strangling businesses. and there is no end to this war in sight. josh? >> terry, thank you. and he'll be taking an inside look at the battle for damascus and what it means for u.s. national security tonight on "world news" and "nightline." >>> meanwhile, back here at home, new details about a potential motive in the newtown, connecticut, school shooting. gunman adam lanza may have, in fact, been competing with another serial killer. "the hartford courant" newspaper reports authorities found news articleses in lan za's bedroom, about the killing spree in norway, carried out by anders brevik, who bombed buildings at a youth camp, killing 77 people. the investigation is still ongoing. any theory now is purely speculative. >>> and new information on what left the carnival cruise ship stranded in the gulf of mexico last week. forcing 4200 passengers and crew to live on the boot for nearly a week without power and plumbing. the coast guard now blames a leak in a
LINKTV
Feb 16, 2013 2:00pm PST
economy and two bodyguards have been killed in a suicide bomb attack. it happened near the home of brigadier general ali aouni in the northern town of tal afar outside of mosul. >> the head of baghdad's intelligence academy was killed by a suicide bomber near tal afar a city near mozul and the syrian border that has been in the past controlled by al qaeda. there is fear that group is coming back again and particularly fears by security officials and government officials that fighters affiliated with al qaeda are going back and forth through syria. tal afar was taken over by that organization until iraqi and u.s. forces drove them out in 2005 but it has as have other places in iraq, been increasingly violent. north of baghdad on saturday, a senior judge was reported killed by a sticky bomb attached to his car. assassinations have also been increasing assassinations of judges lawyers intelligence officials and interior ministry officials, all of that against a backdrop of political turmoil that has many iraqis worried
ABC
Feb 20, 2013 11:00pm EST
the board budget cuts. growing expectations of a eight- ripple effect to the economy especially here in our region if the deal is not reached between the white house and congress. leon panetta said the vast majority of the defense department's 800,000 civilian workers would be furloughed one day a week after 22 weeks. d.c. virginia, and maryland are expected to be hit the hardest. the impact on many of you in the private sector. >> brenman garay said he gets a lot of business from people who stay at nearby hotels on government related business. >> during that time there will be in two or three times a week. or more. >> if the 10% cuts go through he is worried what the impact will be on small businesses like his. >> of the will not be coming in town or there will be more for when they are here. >> the defense department announced a plan that would get our region harder than anyone else along with the rest of the federal cut sprayed it could have a devastating impact on the economy. >> it will have a big impact on travel. >> fewer passengers would use our local airports. and it would hurt car
NBC
Feb 19, 2013 6:30pm EST
enforcement, even food inspection. and there are big worries about how it will hit the u.s. economy. >>> his side of the story. an emotional oscar pistorius in court for the first time. what he says really happened the night his girlfriend was killed. >>> and the brazen diamond heist at the airport right on the tarmac. a huge game of deception, $50 million worth of diamonds gone without a trace. "nightly news" begins now. >> announcer: from nbc news world headquarters in new york, this is "nbc nightly news with brian williams." >> good evening. it's an explosive allegation, and it's what we've all been warned about for years since the dawn of the computer age. a u.s. security firm says over 140 targets in this country have been hit electronically by a branch of the chinese military. big companies, you name it, some of the best-known brand names in the u.s. but more troubling than that is the idea that chinese hackers could reach into american society. the systems that run the country, our infrastructure and preserve order like power systems, air traffic, financial industry. it's a sweeping r
MSNBC
Feb 19, 2013 1:00pm EST
any cuts in those things that are going faster than the economy. that's stupid, stupid, stupid. >> with us, former white house press secretary and a new msnbc contributor robert gibbs. cyber wars. china's army now targeting u.s. pipelines and nuclear plants. with us to discuss, the authors of a new report tracing the attacks to military headquarters in shanghai. plus, play of the day. while the press corps was banned from the president's golf outing, tiger woods, david letterman fills in the missing links. >> this is our president playing golf this weekend. huh? >> that's one way to do it. good day. andrea mitchell live in washington where president obama is surrounded by uniform police and is now issuing dire warnings about the consequences if automatic budget cuts, the sequester, will create job losses and a setback to the recovery if that goes into effect next week. in response senate republican leader mitch mcconnell still prefers campaign events to -- joining me now for our daily fix, chris calizza and managing editor of post politics.com. well, chris, we saw the performan
CNBC
Feb 20, 2013 4:00am EST
a more volatile place. we recognize that since the gfc, we've seen gyrations in economies that we wouldn't have ever seen before. >> there have been challenges, but changing regulatory environments in emerging countries are not easy. and i think we understand that, and we've gotten through the worst. >> there used to only be one regulator that applied territory to the deal, now there are many. hurdles are increasing. >> are we through the worst? >> yeah. i think we are actually. i think there's quite a lot going for the sector now. i think currencies may well provide boosts for this year. commodity prices look relatively stable. yes, we'll see some volatility in iron ore, but i think coal prices should start to recover. and there's a whole raft of other commodities that are looking solid now. it's not looking like a bad outlook. i still think we'll see pretty good earnings numbers from these companies. >> so your favorite picks? >> i'm going for reo tinto. i'm backing sam walsh. he's proven expertise in holding down costs in iron ore. he will, play that across the world. he's universally
ABC
Feb 19, 2013 7:00am EST
coming from china are having devastating consequences on the u.s. economy. in short, u.s. investigators are accused china of economic espionage, of stealing research and design. this allows them to compete without stealing billions on innovation and product development. if this is true, americans should care because it's costing them countless jobs. they are calling this the biggest transfer of wealth in history. >> we saw one of a cyber pearl harbor. and the white house is preparing to take action. >> reporter: this week, they are announcing plans to help private companies in identifying and mitigating such attacks, george. >>> we're going to go to the white house, where president obama will appear later this morning, to warn against the next budget crisis that's coming fast. automatic spending cuts to hit every government program in just ten days. abc's jon karl has more on what we expect to hear from the president. good morning, jon. he's going to ratchet up the pressure on congress. >> reporter: he sure is. he's trying to shame congress to do something to replace the cuts. and this
MSNBC
Feb 20, 2013 3:00am PST
paid more and have the so-called knowledge economy are able to get more. and then this relentless -- and this is the point, we talk a lot about jobs, we don't talk enough about incomes -- this relentless downward pressure on the average worker competing across the globe, not being able to get wage increases. what's happening with unions. we're now talking about the minimum wage and so forth. and so what's also interesting, if you look at the 2011 numbers which came out, you see something -- a slightly different pattern, which is the bottom 99% still going down, down minus 1.3%. they lost another $150 on their average income. but to your point, willie, the top has actually went down a little bit in that year as well. 0.6% for the top 1%, 6.7% for the top 1%. nobody is going to take up a collection for these guys. they have $23 million of average income. but this is probably a function of the fact that the stock market did not have a great year in 2011. >> those charts, those two combined charts, that is a prescription for social dynamite. i mean, the fuse is burning. >> and the fus
CNBC
Feb 21, 2013 9:00am EST
in the economy or if it's seen that the efficacy and the costs don't warrant it anymore? h i think you see the jobless claims not being so great today and listen to the chatter. david cody, a reasonable guy, sequester going to knock big red -- chunk of our revenue up, you're the fed this is one of the months don't take the foot off the pedal. >> we'd debate whether or not the minutes caused the selloff. took half an hour before the acceleration began. cover of the "washington post" is fed unlikely to pull stimulus. were the minutes to blame or not yesterday? >> i know you -- ce of. but it was very funny, one point in that great conference call, said we picked a bad day to repor report. z a >> stock down 5% prior to the fed minutes and selloff, minor detail. >> people used the negatives in the conference call to buttress the idea this is perfect, fed's gonna tight exactly a time when things get weak and gasoline prices are so high. then the refiners are going down. there's no place to hide except for general mills. name a couple stocks that were up. when i find that when everything's as bad
CSPAN
Feb 21, 2013 5:00pm EST
is another prime example of how this policy can advance growth in the overall economy. when the fcc first allocated unlicensed spectrum, it is primarily used for baby monitors and garage door openers. then wifi hit the scene and demand has been off the charts. in 2005, tens of millions of wi-fi devices were sold and in 2011, at least 150 million of those devices were sold in the u.s. unlicensed wi-fi is now an integral part of the way mobile carriers deliver their services. the consumer federation of america found that wi-fi also allowed wireless carriers to save more than $25 billion per year in deployment costs. according to some, the annual contribution of the wireless sector to our nations economy is estimated to be more than $50 billion per year. it has increased so dramatically that we need more spectrum to support these services. the 2.4 gigahertz band, my critical success and other technologies is increasingly congested, particularly in major cities, densely populated centers are the most expensive geographic areas to deploy it licensed networks. therefore, i commend the staff are
CNBC
Feb 19, 2013 4:00am EST
contributions to provide the economy to businesses in trouble. we pay off our debt to business necessary time and this prevents companies from going bankrupt. but they still need help. we need to reduce the fiscal pressure and cut the cost of employment without damaging workers and their rights. >> it's fashion week here in milan. you only have to be here to get the sense of pride that people feel about this industry. how do you get that to translate to other sectors and the political system, too? >> translator: i think we can bring back pride to our politics giving a strong sign of renewal. i was in the uk and when i said i was a lawyer from italy, from milan, all people could talk about was bunga bunga. now that has changed. i've been invited to talk about the school of economics. i see when i go abroad, when foreign officials come to milan, the city is once again a focal point and there's a willingness to discuss and trade. >> the more foishlgs and public i speak to here, the more concerned i get about the risks of forming a stable government after this weekend's election. and remember, th
CSPAN
Feb 16, 2013 10:15am EST
by one. number one, chapter one. earth inc, a new interconnected, global economy that operates as if it is a single entity. we've been seeing the outsourcing of jobs, and we've been seeing the connection of the supply side, and now we have virtual factories with supply lines running to hundreds of countries and almost every business has to see its competitive landscape in the global dimension. earth inc.has a different relationship to national government and national economic policies now, a different relationship to labor and capital and natural resources, the three classic factors of production. look, for example, one of the changes that illustrates this new really of effort inc. , and normally after a recession when we get a recovery and growth resumes, the jobs come back, and that's the way it's always been, but in the last couple of recessions, it had not happened that way because we now have this gloanl reality, and -- global reality, and some businesses that lay people off in the recession, they are not hiring them back the way they used to. some of them, yes, but we now
PBS
Feb 18, 2013 11:00pm PST
force that will help the united states compete and win in a global economy. it will not be easy or gentle. it will not be quick. it will require a struggle over power and money. my grandmother asked how hard can that be? very." so tell me about the struggle th has to be fough well -- >> engaged. >> look at where we are as a country. we are ranked 14th, 17th, and 25th out of all developed nations in reading, science and math respectively. our 25th ranking in math puts us behind countries like hungary and slovakia, which is -- i mean this is just not who we are as a nation. and in order to -- >> rose: not what made us great. >> no. and it's not going to make u eat the fure unless we fix it. and i think that, you know, if you look at america today we have one of the lowest social mobility rates in the entire world. meaning if you are a child born into poverty in this country, the chances you will ever escape poverty are not good. which i think goes counter to everything we believe in as a country. so what's at stake is the lives of kids and the values of this nation which i think
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